Unto Labs raises $14.4 million to develop a new blockchain based on RISC-V

According to Fortune, Unto Labs announced the completion of a $14.4 million funding round led by Framework Ventures and Electric Capital, with a valuation of $140 million. Unto is developing its own blockchain and self-developed virtual machine ThruVM, based on the RISC-V architecture, with the aim of improving compatibility with traditional hardware and lowering the entry barrier for non encrypted developers. The funds will be used to expand the team size and accelerate product development.